Monday, Sep 07, 07:47 GMT
EUROPEAN Trading Newsletter
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International Traders Conference
LAST SEATS AVAILABLE!
Don't miss the third edition of FXstreet.com's International Traders Conference (ITC) on October 14-16, 2009 in Barcelona. Live Trading next to the experts.
This year's key speakers panel: Valeria Bednarik, Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar.
Limited to 60 seats! Register now!
To Get Started
- WEBINAR VIDEOS: Technical Analysis MACD and MACD Aspray by Valeria Bednarik
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Week beginning expected market moves by Dr. S. Sivaraman
After recover move on Friday,EURO and GBP made the brief rise during start of Japanese session and made contrarian moves − firming up in EURO and USD/YEN and dip in GBP to handle the respective crosses.
CEO'S Weblog: Federal Court Freezes the Assets of Florida Resident Beau Diamond and Diamond Ventures LLC, Charged by the CFTC with Operating a $37 Million Dollar Forex Fraud by Francesc Riverola
FX Bootcamp: Weekly Pivot Points by Curt Wehrley
Sponsored by 
Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Sep 7, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Sep 7, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 7, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Sep 7, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Sep 7, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Sep 7, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
Consolidating at the upper edge of the range that has held since late May
Mizuho Corporate Bank − Little to add as we continue to consolidate at the upper edge of the range that has held since late May. The Euro is no longer overbought and momentum is bullish, and with a little luck the step up in the top of the Ichimoku ‘cloud' might lead to a test and break higher.
GBP/USD
The 1.6290 level limited further losses for the Cable by ecPulse.com
The 1.6290 level limited further losses for the Cable to rebound to the upside to form a bullish technical pattern with a pivot resistance at 1.6380.
USD/JPY
USD JPY is in a consolidation after the last bullish movement by Mataf.net
USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Sep 7 | 10:00 | Factory Orders n.s.a. (YoY) | - | -25.3% |
| Sep 7 | 10:00 | Factory Orders s.a. (MoM) | 2.0% | 4.5% |
Friday Notes - Germany, New orders: Demand recovers rapidly by UniCredit Group
The odds are excellent that even after the very strong gains in the last four months the order situation staged a further tangible recovery at the beginning of the second half of the year. Purchasing managers were much more upbeat in their assessment of new orders for July, and the business climate in most important trading partner countries has also continued to recover strongly.
[ Full Story ]Top Fundamental Stories - Europe Ahead: German Factory Orders are to Expand For the Fifth Month in July by ecPulse.com
Top Market Movers Review
Australia ANZ JOB ADVERTISEMENTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 7 | 01:30 | ANZ Job Advertisements | 4.1% | - | -1.7% |
Top Fundamental Stories - Job advertisements in Australia increased in August by ecPulse.com
Deteriorations in the Australian labor market eased along with a growing economy that expanded in a faster pace during the second quarter.
[ Full Story ]- Read the Job data at ANZ
- UPDATE: Australia Job Mkt Shows Signs Of Turning The Corner (Dow Jones)
- ANZ Australia Total Job Ads Rise 4.1% In Aug Vs Jul (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 7 | 00:00 | US | Labor Day Holiday | |||
| 01:30 | AU | ANZ Job Advertisements (Aug) | 4.1% | -1.7% | ||
| 06:30 | AU | Foreign Reserves (Aug) | 55.4B | 53.2 | ||
| 08:30 | EMU | Sentix Investor Confidence (Sep) | -13.5 | -17.0 | ||
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Jul) | -25.3% | |||
| 10:00 | DE | Factory Orders s.a. (MoM) (Jul) | 2.0% | 4.5% | ||
| 23:01 | UK | RICS House Price Balance (Aug) | -0.1% | -8.1% | ||
| 23:50 | JP | Adjusted Current Account (Jul) | ¥1410.0B | ¥1798.8B | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Aug) | 2.7% | 2.5% | ||
| 23:50 | JP | Trade Balance − BOP Basis (Jul) | ¥602.2B | |||
Educational Resources
Where Most People Get It Wrong
With so much education on how to properly speculate in markets out there, why is it that most people lose money? How can this be? The answer is twofold and is the focus of this piece. Read whole Sam Seiden's article!
Other articles of this week's Lessons from the Pros
An Uncomfortable Choice - Article by John Mauldin
Being Honest With Yourself - Article by Don Dawson
Premium Juice - Article by Online Trading Academy Team
FX Trading as a Business or Hobby…You Decide - Article By Online Trading Academy Team